On July 31, Oracle rose 3.36% in regular trading, trading at $129.28/share, with turnover of $987 million, extending the prior session's strong momentum.
On the news front, Oracle announced on July 30 an expanded partnership with Google Cloud, planning to embed Google Gemini models into its flagship enterprise application suites Oracle Fusion Applications and Oracle NetSuite. Customers will gain access to Gemini 3.1 Flash Lite and 3.5 Flash for advanced AI tasks through Oracle AI Agent Studio. The company will offer the models to thousands of enterprise application clients, aiming to integrate AI capabilities directly into existing workflows rather than as standalone modules.
This deep collaboration is expected to alleviate market concerns about Oracle's AI monetization ability, particularly following recent headwinds including a credit rating downgrade and elevated credit default swap spreads. The stock surged over 7% in the prior session on the announcement and has maintained upward momentum.
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